Prepress

EFI Reports Record Growth in Europe, Middle East and Africa

Wednesday 27. April 2011 - 42% Revenue Increase Year over Year Shows Upswing of Industry's Biggest Market

Yesterday’s EFI Q1 2011 earnings announcement was highlighted by the dramatic upswing in business in the EMEA (Europe, Middle East and Africa) region. With total year-over-year revenue growth of 26%, EFI’s business in EMEA showed a 42% YoY increase, the highest of any region in the world.
“Our amazing start to 2011 in EMEA, can be traced to our decisions to continue innovation across the board, when most companies cut back due to the recession. All of our products, Fiery, MIS, DSF, VUTEk/Rastek and Jetrion saw significant growth in the EMEA region in Q1,” said Paul Cripps, vice-president and managing director of EFI EMEA. “Key investments made in our EMEA sales and service organisations helped leverage our product portfolio across the board. I’m very thankful to all of our customers and our partners for their confidence in our products. Over the next few months there will be more exciting new products announced, with the upcoming FESPA trade show as a hub to show our entire inkjet and software product portfolio. Our expectation is to use these events to increase our market share throughout the region.”
European Printers Comment on the Rewards from Investments in EFI Products.
Denona Ltd of Zagreb, Croatia has recently installed EFI’s Monarch print management information system. “Monarch allows you to identify which types of jobs are most cost effective and most profitable and then build a sales strategy around that,” said production manager Robert Valpotic.
Living Stone is a marketing communications agency in Ghent, Belgium, which caters to a discerning international clientele of leading brands. When it was time for a new multi-functional printer at their offices last December, CEO Bart Verduyn insisted on a colour quality benchmark. “The results were presented to us in the Brussels showroom of Konica Minolta. The best combination by far for our purposes was the Konica Minolta C280 and EFI’s Fiery RIP. There was simply no contest in the colour category,” he said.
Niggemeyer Bildproduktion GmbH & Co. KG in Bochum is one of the largest large-format printers in Germany. They have recently bought EFI’s VUTEk GS3200 superwide format printer – their eleventh VUTEk in 11 years. Managing director Roland Niggemeyer sees printing on rigid materials as the biggest growth area. “For rigid materials, EFI has developed the ability to print multiple prints at the same time side by side. Hence we can print four of these 70 cm wide PVC webs, which we cannot do on any other machine, thereby further increasing productivity,” he said.
Ready for the Future
“Companies in Europe prove more resilient and resourceful when facing today’s new challenges,” continues EFI’s Paul Cripps. “They know that they can only win by investing in innovative products that reduce cost, streamline operations and lead to new, high-margin applications. Our numbers show that for these products, they turn to EFI and its end-to-end fully integrated portfolio of printing hardware, software and inks. Ultimately we are able to increase our customer’s market share, enabling them to drive more profit. Throughout the recession, we continued to invest approximately 20% of our revenue in R&D and actively recruited in the region. As a result, our innovations are now ready when businesses need them.
With Sign UK, Northprint, Fespa Digital and Labelexpo Europe and many more leading trade events on this year’s calendar, we are ready to bring even more innovations to the market and demonstrate how our customers can benefit from them in order to succeed, ” he added.